4. DIGITAL ASSET COLLATERAL RECEIVABLE The following table presents the Company’s digital assets pledged as collateral for loan borrowings (see Note 10) and accounts payable at the end of the period: | | | As of | | | | | June 30, 2026 | | | December 31, 2025 | | | | | Quantity | | | Fair value | | | Quantity | | | Fair value | | | | | | | | | | | | | | | | | Pledged BTC- current | | | | | | | | | | | | | | | | | | for accounts payable (1) | | | - | | | | - | | | | 22 | | | | 1,932 | | | for loan borrowings (2) | | | 54 | | | | 3,146 | | | | 252 | | | | 22,143 | | | Digital asset collateral receivable | | | 54 | | | | 3,146 | | | | 274 | | | | 24,075 | | | (1) | The BTC was pledged for the accounts payable due to a supplier of mining equipment, who is a related party of the Company. This collateral was released in the first half of 2026 when the related outstanding payables are settled. | | (2) | The BTC was pledged for long-term loans (see Note 10). This collateral is expected to be released when the related loans are matured and repaid within one year. |
|